Wages for the typical worker—nonsupervisory employees who account for 82% of the workforce—are rising at the fastest rate in more than a decade, a sign that the labor market has tightened.39613 hours ago
To halt money-market volatility the Fed flooded the market with cash—and it accumulated assets again. The move will encounter a year-end test when some financial institutions could face incentives to limit their lending.68
German politicians have called on Europe to adopt protective measures against U.S. sanctions after Washington managed to halt completion of a new submarine gas pipeline linking Russia directly to Germany.
A wave of restructuring and consolidation brought on by baby boomers stepping aside could provide a jolt to legions of European companies accustomed to surviving without innovating, investing or growing.10
Just a few years ago, Greece stood out from the rest of the developed world for its devastated economy. Now Greece has the world’s strongest manufacturing sector, based on indexes of manufacturing activity.11
The British government named Andrew Bailey as the next governor of the Bank of England, an appointment seen as a cautious choice for a role that will be critical in guiding the economy as the U.K. leaves the European Union.